Saturday, September 15, 2012

Armada Amassing in Strait of Hormuz

News reports naval vessels from many countries amassing in the Strait of Hormuz to prevent an Iranian blockade in response to an attack by Israel. A blockade by Iran on the Strait would send oil prices over $200/barrel. Oil at that price would destroy the US economy faster than Fed Chair, Ben Bernanke's announcement of QE3 which calls for the indefinite printing of $40 billion every month until the economy recovers.

The problem with all these ships in the Persian Gulf is that they are all sitting ducks to anti-ship ballistic and cruise missiles. None of these slow-moving ships has any defense against modern anti-ship missiles. So, when Israel strikes Iran, Iran will sink every ship in the Gulf and blockade the Strait. In response, the US will again allow itself to be goated into going to war.

The consequences of being lured into war with Iran will be disastrous fit the US. Russia and China are making ready for the ultimate retaliation.